BlackRock Inc. Takes $1.81 Million Position in Full House Resorts, Inc. $FLL

Key Points

• BlackRock acquired 650,168 shares of Full House Resorts valued at approximately $1.81 million, representing a 1.79% stake. Institutional investors collectively own 37.68% of the company.
• Full House Resorts reported a quarterly loss of $0.24 per share, missing the $0.17 consensus estimate, while revenue of $78.06 million was slightly below expectations.
• Analyst sentiment remains moderately positive, with an average “Moderate Buy” rating and a $3.50 price target, despite the stock trading near $2.07 and facing high leverage and weak profitability.

BlackRock Inc. acquired a new stake in shares of Full House Resorts, Inc. (NASDAQ:FLL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 650,168 shares of the company's stock, valued at approximately $1,814,000. BlackRock Inc. owned approximately 1.79% of Full House Resorts at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FLL. HRT Financial LP bought a new position in Full House Resorts during the fourth quarter valued at approximately $27,000. Jane Street Group LLC purchased a new position in shares of Full House Resorts during the first quarter worth approximately $54,000. Tower Research Capital LLC TRC lifted its holdings in shares of Full House Resorts by 570.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company's stock worth $57,000 after acquiring an additional 13,366 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Full House Resorts in the 2nd quarter worth approximately $60,000. Finally, R Squared Ltd boosted its stake in shares of Full House Resorts by 21.7% in the 1st quarter. R Squared Ltd now owns 30,944 shares of the company's stock valued at $70,000 after purchasing an additional 5,527 shares in the last quarter. Institutional investors own 37.68% of the company's stock.

Full House Resorts Stock Performance

NASDAQ:FLL opened at $2.07 on Monday. The firm has a market cap of $75.06 million, a PE ratio of -2.03 and a beta of 1.22. Full House Resorts, Inc. has a fifty-two week low of $1.96 and a fifty-two week high of $3.61. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.59 and a current ratio of 0.62. The business has a 50 day moving average price of $2.35 and a 200-day moving average price of $2.48.

Full House Resorts (NASDAQ:FLL - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.07). Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.06%.The firm had revenue of $78.06 million during the quarter, compared to analysts' expectations of $78.42 million.

Analyst Ratings Changes

Several research firms recently commented on FLL. Citigroup reaffirmed a "market outperform" rating on shares of Full House Resorts in a report on Friday, August 7th. Citizens Jmp lowered their price target on shares of Full House Resorts from $4.00 to $3.00 and set a "market outperform" rating for the company in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Full House Resorts from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Finally, Weiss Ratings raised Full House Resorts from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Full House Resorts currently has an average rating of "Moderate Buy" and an average price target of $3.50.

Full House Resorts Company Profile

Full House Resorts, Inc NASDAQ: FLL is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company's property portfolio spans five states, including Bronco Billy's Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow's Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman's Casino in Nevada.

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